I've never messed with ExifTools or any other program that alters Raw exif data except I've poke around the Lightroom Time/Date change function and that does have the ability to replace that bit of Exif info in the Raw file itself.
Now, if you recall, the OP asked "Is there a way to remove exif data from RAW files" and that may imply different possibilities than "stripping" exif data per se, for example if there was a way of filling Exif fields replacing the "real" data with "non-data" using one of these tools then that could be considered a way of "removing Exif data" -- you'd be replacing it with basically gibberish. You wouldn't be "stripping" things but removing and replacing data with meaningless stuff.
But, like I said, I haven't worked with Exif modification tools so I was just wondering if it was possible to do any operation without trashing the file -- I wasn't claimaing to "know stuff" except for instructions on how he could trash the file all by himself using the text approach.